PolicyPal Network and ERGO to release an insurance product

PolicyPal Network will be unveiling a brand new blockchain-empowered Flight Delay Insurance underwritten by ERGO
10 June 2018   900

As the number of flights is rising worldwide - so is the number of delays. Submitting a claim to the issuing insurer has already become a hassle. PolicyPal Network blockchain is claimed to resolve the inconvenience. The blockchain-powered automatic Flight Delay Insurance underwritten by ERGO. It will be available for purchase via the PolicyPal Singapore app starting July 1.

Flight delay insurance built on the blockchain allows for automated claims (smart contracts are going to facilitate automating claims processes and increase efficiency). The blockchain will provide transparency and immutability to improve security and validity pertaining to the information stored in smart contracts. On top of that, insurance cost on the blockchain is greatly reduced to the immutability.

At the moment of publication, PolicyPal Network market parameters are as follows:

Average price 0.028516 USD
Market cap 10,225,622 USD
Volume (24H) 41,214 USD

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   114

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.